0001104659-05-011164 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 15th, 2005 • Cornell Companies Inc • Services-facilities support management services • Texas

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of this 14th day of March, 2005, by and between Cornell Companies, Inc., a Delaware corporation (the “Company”) and James E. Hyman (the “Employee”).

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RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • March 15th, 2005 • Cornell Companies Inc • Services-facilities support management services • Texas

THIS RESTRICTED STOCK AGREEMENT (the “Agreement”) is made and entered into as of this 14th day of March, 2005, by and between Cornell Companies, Inc., a Delaware corporation (the “Company”) and James E. Hyman (the “Employee”).

Contract
Cornell Companies Inc • March 15th, 2005 • Services-facilities support management services

On March 9, 2005, Cornell Companies, Inc. (the “Company”) and Harry J. Phillips, Jr. entered into an oral agreement to continue Mr. Phillips’ status as an employee of the Company. Pursuant to the oral agreement, Mr. Phillips will receive an annual salary of $70,000 and will assist with special projects in order to facilitate the transition to the Company’s new Chief Executive Officer.

EMPLOYMENT/SEPARATION AGREEMENT
Employment/Separation Agreement • March 15th, 2005 • Cornell Companies Inc • Services-facilities support management services • Texas

THIS EMPLOYMENT/SEPARATION AGREEMENT (the “Agreement”) is made and entered into as of this 15th day of March, 2005 (“Effective Date”), by and between Cornell Companies, Inc., a Delaware corporation (the “Company”) and John R. Nieser, an individual (the “Employee”).

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